Stansted owner Manchester Airport Group calls for further rail investment in south east December 9, 2014 The airport group which owns Stansted has called on the government to increase investment in rail infrastructure in the south east. Neil Thompson, chief financial officer at Manchester Airport Group, made the comments yesterday as the company reported its results for the first half of the 2014 financial year. The firm posted an eight [...]
Oil prices sink below $50 a barrel as petrol costs tumble January 5, 2015 Boost for motorists and airlines as petrol costs tumble… yet the speed of black gold’s collapse spooks global markets. The price of oil slid further yesterday, providing a boon to motorists and fuel-dependent industries, yet contributing to market turbulence throughout the world. American crude crashed below $50 a barrel during trading, while benchmark Brent tumbled under [...]
Forget trickle-down: In a free market, the rich don’t gain at the poor’s expense January 12, 2015 A lie, repeated often, becomes the truth in the public mind. That’s why, when a Fox News commentator suggests that Birmingham is a “Muslim-only city”, we feel it important to set the record straight. Sadly, many lies and myths pervade public discussion of economics. No matter how often they are debunked, they return. Attempts to [...]
Easyjet and Ryanair lifted by rain February 6, 2014 Budget airlines Easyjet and Ryanair both saw a surge in passengers last month as Britons rushed to escape to sunnier climes. At Easyjet, passengers rose 3.7 per cent compared to January last year, while rival Ryanair’s rose five per cent. Easyjet’s load factor, a measure of how full its planes are, also rose, climbing by [...]
Benefficient can give Ireland a long overdue success in the Ryanair March 12, 2014 BILL ESDAILE PREVIEWS THE RYANAIR CHASE AND THE KIM MUIR THE outspoken Michael O’Leary has made no secret of his desire to see one of his horses, running in the famous maroon Gigginstown Stud colours, win the race sponsored by the airline that made his fortune. Apart from the inaugural running of this Grade One [...]
Following in my father’s footsteps March 8, 2015 GEOFF LESTER CATCHES UP WITH JOCKEY TOM SCUDAMORE ON THE EVE OF THE CHELTENHAM FESTIVAL TOM SCUDAMORE would concede that he was a bit-player in his first 12 Cheltenham Festivals, managing just two handicap winners from 120 rides, but the lights turned to green last year when he was on the victory rostrum three times, [...]
Michael O’Leary proves he’s still good for laughs September 25, 2014 RYANAIR has the best shareholder meetings. Despite Michael O’Leary’s decision to “step out of the public spotlight”, he’s still good for quips when he gets in front of a crowd. Yesterday’s meeting in Dublin was no different. Tesco was first to get it in the goolies. When speaking about chief marketing officer Kenny Jacobs, O’Leary [...]
Slashing prices hit Ryanair hard February 3, 2014 Europe's largest budget airline Ryanair has suffered a worse than expected loss for the third quarter to 31 December. The low-cost airline has posted a loss of €35m (£28.7m), against analysts estimates of €32m. The results are a far cry from the €18.1m of profit seen a year earlier. But beyond the headline figure there [...]
Cheltenham – a special week March 5, 2015 BILL ESDAILE TAKES AT LOOK AT THE BEST OF THE BOOKMAKERS’ CHELTENHAM FESTIVAL SPECIALS WITH only days to go until the start of the Cheltenham Festival, bookmakers are falling over themselves with generous offers to attract new clients. Champion Chase sponsors Betway have pledged to refund all losing bets on their sponsored feature race next [...]
EasyJet reports record numbers during August September 4, 2014 BUDGET airline EasyJet yesterday reported it had flown a record number of passengers in August, with 6.6m travellers on its aircraft – 8.4 per cent more than the same month last year. EasyJet’s load factor — how full the company’s planes are — was at more than 94 per cent, another record for the airline [...]